Van Biljon HR & Labour Law Consulting’s Post

Nigeria’s local markets are huge. The capacity and capabilities of individual importers are marveling. Massive warehouses, great stocks, enormous quantities and of course competitiveness. From Kano to Onitsha to Lagos, what Nigerian businessmen can achieve is mindblowing. This is why we try as much as we can to tell industries and firms who need this supply not to wait for months to get auto and machinery spares from abroad. We have them in Nigeria for you to make sure that work is not delayed. And with Tradefair Geek, sourcing and purchasing them is no issue. Let’s just get started.

Let's Discuss Trade Finance! 🌍💰 A well-known Nigerian importer, X, is importing 50,000 metric tons of husked brown rice. A sales contract valued at USD 30 million, inclusive of goods and freight costs, has been agreed upon with exporter Y. The contract stipulates a 90-day post-shipment payment term. To facilitate this transaction, exporter Y has secured a credit facility from financier ABC Capital to cover the purchase of the rice and associated logistical expenses for exporting the product to Nigeria. As a trade finance expert, please address the following: 1. What import regulatory documents are required by the Nigerian importer to initiate a Form M? 2. Considering the credit terms extended by the exporter to the importer, what is the most suitable payment method for this transaction? 3. How is the financing arrangement between the exporter and financier (ABC Capital) typically categorized in trade finance? 4. Would a Bill of Exchange be involved in this transaction? If so, who should be the payee? Let's share insights and expertise on this intricate trade finance scenario! 🤝💼💡 #tradefinance #export #import #financialinstitutions #tradefinanceofficers #importers #exporters #banks #Manufacturers #tradeexperts

Are you an Importer paying suppliers in Cameroon, Ivory Coast, Kenya, Ghana, Niger, Benin, or Togo? Brydge (www.brydgehq.co) is designed to eliminate the hassle of dealing with multiple BDCs, mallams, cash, or relying on contacts in these countries. Now, you can settle payments across Africa as easily as using Opay, Moniepoint, or your local bank. We're seeking 20 businesses to pilot our technology from start to finish. Here’s what you get: 1. Same-day settlement directly into your supplier's account. 2. Competitive FX rates, just like your trusted Aboki, Mallam, or BDC. 3. Zero transaction fees. 4. Direct access to our team for feedback and support. 5. Transaction records that can help you access trade finance. Interested? Call 08137655582 or DM me. I'd love to show you how Brydge can simplify your payments and operations.

Exporters face the risk of payment delays or non-payment from foreign buyers due to various factors such as economic instability, political unrest, or insolvency. Implementing risk mitigation measures such as credit checks, using secure payment methods like letters of credit, or obtaining trade credit insurance can help safeguard against such risks. Visit our website at www.indoogoo.id to learn more about our service to leverage the Indonesian exporters' business. #INDOOGOO #Indonesia #Ekspor #Trade #Fintech #Business #Buyers #Exporters

#ForexMatters #Josforextraders How can brokers expect to succeed in sales when they neglect the growth and development of their traders? While brokers prioritize deposits, investing in a community of traders can yield long-term benefits, including: - Building trust and confidence - Encouraging referrals - Increasing deposits most especially in Jos the North central part of Nigeria.

Why Petrol Queues Returned To Lagos, Abuja, Port Harcourt Filing Stations Fears of possible reduction in petrol price fueled artificial scarcity and caused return of queues at filling stations, especially in Lagos, Abuja and some parts of Port Harcourt this weekend. Fears of possible reduction in petrol price fueled artificial scarcity and caused return of queues at filling stations, especially in Lagos, Abuja and some parts of Port Harcourt this weekend. Prime Business Africa gathered that petroleum marketers who exhausted their petrol and diesel at the weekend were reluctant to take new deliveries for fear of sudden reduction in fuel prices. A dealer in Lagos who does not want to be named told PBA correspondent that like his colleagues, he would not take delivery of petrol or diesel once his stock is exhausted. “All eyes are on the NNPCL for possible drop in fuel prices as the naira continues to appreciate against the dollar,” the dealer told our correspondent. Recall that the Nigerian National Petroleum Company Limited, (NNPCL) had revealed that ‘Apapa petrol depot is empty’, suggesting unavailability of stock as a result of failure to place new orders. The NNPCL, a federal government-run oil company is the defacto sole importer of fuel in Nigeria. The crude oil-rich country has at least three refineries which it has not been able to put to use in decades although billions of dollars have been extended on their controversial turn-around maintenance (TAM). https://lnkd.in/ea68HfYU #News #Trends #Trending #primebusinessafrica #fyp #Newsupdate #Latestnews #inflation #budget #money #family #finance #tips #viral #trending #socialmedia #nigeria #news #today #pba #africa

Let's Discuss Trade Finance! 🌍💰   An importer in Nigeria intends to purchase refined petroleum products from a supplier in Lome, Togo. The transaction will be structured using a documentary credit issued by a Nigerian bank. The importer plans to source foreign exchange for the transaction through the official window of the Central Bank of Nigeria (CBN). A unique aspect of this transaction is the supplier's insistence on providing a Letter of Indemnity (LOI) instead of a traditional Bill of Lading (BL) and copies of certificates of quality and quantity instead of originals. Questions: 1. Field 46A of the Documentary Credit: Is it permissible to specify a Letter of Indemnity as a document to be presented under Field 46A of the documentary credit, given the standard practice of requiring a Bill of Lading? 2. Incoterm and Supplier Obligations: Considering Nigeria's import regulations and the specific circumstances of this transaction, is it feasible to use an Incoterm like DAP (Delivered at Place) where the supplier's obligations end at the port of loading? 3. Possible Transaction Structure: Given the supplier's demands and the regulatory environment in Nigeria, what is the most suitable structure for this transaction, including payment mechanisms, risk mitigation strategies, and compliance considerations? Let's share insights and expertise on this intricate trade finance scenario! 🤝💼💡 #tradefinance #export #import #financialinstitutions #tradefinanceofficers #importers #exporters #banks #Manufacturers #tradeexperts

Hello Whether you are an importer, trader, broker, introducer, or consultant, if you have a business that you think might interest us, give us a call or write us an email. Let us know your transaction and together we will find a trade finance solution that serves you best.  We Yield 4 Finance offer wide range of products:  Letters of Credit at Sight | Demand Guarantees  Usance Letters of Credit | POF Messages  Standby Letters of Credit | Pre-Advice Message  Bank Guarantees | Comfort Letters  Performance Guarantees | Ready Willing and Able (RWA) Messages BARKHA | Relationship Manager +91-8264498255 email : [email protected] #CHINA #TRADER #BANKS #SERVICES #export #IMPORT #LC #SBLC #BG #INDIA #AFRICA #NIGERIA #TOGO #IMPORTERS #RICE  #InternationalTrade #LettersOfCredit #BusinessGrowth #GlobalTrade #SecureTransactions #FinanceTips #tradefinancecompany #SecureTrading #ContactUs #BusinessGrowth

MVP to Scale: Why Sales, Marketing, and Distribution Matter for Startup Success in Nigeria and Africa Congratulations! You've developed your Minimum Viable Product (MVP). Now, it's time to take your startup to the next level. In Nigeria and Africa, sales, marketing, and distribution are crucial for startup success. Here's why: Sales: Validate your product-market fit, generate revenue, and build a loyal customer base. Marketing: Reach your target audience, build brand awareness, and differentiate yourself from competitors. Distribution: Ensure your product reaches customers quickly, reliably, and at the right price. In Nigeria and Africa, these functions are even more critical due to: - Limited access to funding. - Intense competition. - Complex regulatory environments. At Metal Circle, we've learned that a well-executed sales, marketing, and distribution strategy can make all the difference. Our innovative recycling solutions and expertise can help entrepreneurs on our platform overcome the challenges of launching and growing a successful scrap metals business. Let's connect and explore how Metal Circle can support your scrap metals business journey! #StartupSuccess #MVP #Sales #Marketing #Distribution #Nigeria #Africa #MetalCircleHQ #Innovation #Recycling #ScrapMetals #Metals #AOBadairo

I am a professional trade consultant who’s interested in the growth of Nigeria Economy, but obviously can’t grow it by just doing it alone. So I am reaching out to other people who wants to generate Forex through Exportation. I’m reaching out to like minded people who want to increase the GDP of Nigeria’s Economy through TRADE EDUCATION, TRADE ENHANCEMENT AND TRADE EXECUTION. It’s time for our currency to regain value and one of the way in doing this is through Exportation. The following are the benefits of what you get with me being your mentor on Exportation 1. Guarantee contact of five active buyers from abroad 2. Free advisory services 3. Mastering how to find buyers abroad 4. A step to step hand holding export business programme 5. Product and brand advisory service 6. Access to contract manufacturers 7. Commencement of first export transaction executed within three to six months 8. Comprehensive capacity building in export business manager 9. Access to packaging manufacturing company’s 10. Bonuses (Export starter pack) I can’t wait to have you on this journey. Reach out for more information using the link below https://lnkd.in/dERBUWqs #Trade #3timpex #coachlayo #banker #export #exporter